140-142 Ferry St | Newark, NJ 07105
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- LoopNet Team
140-142 Ferry St
Newark, NJ 07105
Walgreens · Retail Property For Sale
Investment Highlights
- Absolute Net Lease | 13-Years Remaining | Passive Investment with Zero Management Required
- Located at the Corner of Ferry Street and Monroe Street, a Signalized Intersection with Approximately 14,000 VPD+
- Over 295,000 Residents and Average Household Incomes of $71,843+ within a 3-Mile Radius
- 5% Rental Increases Every 5 Years During the Base Term and Option Periods
- Fee-Simple Ownership Allowing Investors to Depreciate Land and Building
- Corporate Guarantee | 6.2% Revenue Growth for Fiscal Year Ending 8/31/24 Reaching $147.7 Billion
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
8,106 SF
Building Class
C
Year Built
2015
Tenancy
Single
Building Height
1 Story
Slab To Slab
10’
Building FAR
1.00
Lot Size
0.19 AC
Zoning
R-4
Frontage
68’ on Ferry St
Amenities
- Freeway Visibility
Property Taxes
| Parcel Number | 14-01989-0000-00024 | Improvements Assessment | $1,272,900 |
| Land Assessment | $517,500 | Total Assessment | $1,790,400 |
Property Taxes
Parcel Number
14-01989-0000-00024
Land Assessment
$517,500
Improvements Assessment
$1,272,900
Total Assessment
$1,790,400
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